analysis the common size income statment in details about what happend to sales, operating expenses, operating profit, along with befoe and after taxes...

2018 2017 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Rescarch and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Earnings before provision for taxes on income Provision for taxes on income (Note 8) Net earnings 81,581 27,091 54,490 22,540 10,775 1,126 76,450 25,439 51,011 21,520 10,594 408 (611) (385) 1,005 1,405 251 17,999 2,702 15,297 934 (42) 309 17,673 16,373 1,300 Net earnings per share (Notes 1 and 15) Basic 5.70 0.48 Diluted 5.61 0.47 Average shares outstanding (Notes 1 and 15) Basic 2,681.5 2,728.7 2,692.0 Diluted 2,745.3 1 1) Prepare common size income statement as provided below 2018 2017 $ 81,581 100%) $ 76,450 100% $ 27,091 33%) $ 25,439 33% $ 54,490, 67%) $ 51,011 67% 3 Sales to customers 4 Cost of products Sold 5 Gross Profit 6 Selling, marketing and administrative expenses 7 Research and development expense 8 In-process research and development 9 Interest Income 10 Interest expense, net of portion capitalized 11 other (income) expense, net 12 Restructuring 13 Earnings before provision for taxes on income 14 provision for taxes on income 15 Net Earnings |$ $ |$ 22,540 28%)$ 21,520 28% $ 10,775 139 $ 10,594 14% 1,126 1%| $ (611)-1%) $ 1,0051%) $ 1,405 2%| $ 25109 $ 229 $ 408 1% (385)-1% 9341% (42) 0901 $ $ 3090%) 23% $ 17,999 17,673 $ 2,702 3%) $ 16,373 21% $ 15,297, 19% $ 1,300 2%